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3 years ago

The manager who provides overall guidance and leadership for the entire corporation is known as the ____ manager.

1 answer:

5 0

<span>The manager who provides overall guidance and leadership for the entire corporation is known as the operations manager.

An operations manager oversees all organization departments from final production of goods/services, production, purchasing, productivity of employees, manufacturing, supplies and employees. An operations manager is an in office (sometimes out) but, is usually around to help each group within an organization keep focus on what tasks need to be accomplished.</span>

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X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th

tangare [24]

Answer:

See explanation Section

Explanation:

The journal entry to record the purchase of merchandise -

Merchandise Inventory Debit $300

Cash Credit $300

Note: As the perpetual inventory shows the running inventory of cost of goods available for sale. Therefore, every purchase of merchandise will directly debit the merchandise inventory and not the purchase account. Since the company paid immediately, cash decreased.

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3 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? AA fire destroys almost

Cloud [144]

D a tree branch breaks your window

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3 years ago

Cullumber Company’s 12/31/21 balance sheet reports assets of $11450000 and liabilities of $4890000. All of Cullumber’s assets’ b

Arturiano [62]

Answer:

$4,392,000

Explanation:

For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:

The fair value of net asset = Asset balance + fair value of land - liabilities balance

= $11,450,000 + $690,000 - $4,890,000

= $7,250,000

And, the acquire value is $11,642,000

So, the goodwill would be

= $11,642,000 - $7,250,000

= $4,392,000

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3 years ago

Bay crab processor has a contract with jim, a local crabber, to buy all the crabs jim catches during the season for 35 per bushe

vichka [17]

The answer to this question is the "output contract". This is a mutual agreement between the producer of the product and the buyer. The producer agrees that he will sell all his product to the buyer and the buyer agrees that he will buy all the product delivered to him by the producer. Thus, to complete the sentence we have it "<span>Bay crab processor has a contract with Jim who is a local crabber and inform Jim that he will buy all the crabs. Then, Jim catches during the season for 35 per bushel. this is an example of an OUTPUT contract.</span>"

3 0

2 years ago

Julie transferred a building with an adjusted basis of $240,000 for another building with a fair market value of $350,000 and $2

NARA [144]

Answer:

$135,000

Explanation:

The realized gain can be calculated as under:

Realized Gain = Market Value received - Adjusted Basis

Here

Market Value received is $375,000 (350k + 25k)

Adjusted Basis $240,000

By putting values, we have:

Realized Gain = $375,000 - $240,000 = $135,000

7 0

3 years ago